I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q2, 2023. Right now i am just looking for ways to recover in 2024.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
“Julianne Iwersen Niemann” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes..
@@AlilatTiamiyu The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I'm watching this 11 months after release, but, the information still rings true... Personally, coins scare me because of this "extra" value(and cost) over the melt or spot price. Scares me cause stuff like that "extra" changes as a fad, or a whim of the people, or whatever you wanna call it. Bars just feel safer to me for some reason. If I by a bar, it is what it is and it's worth what it's worth, but with coins, I pay this extra, and even if the metal price stays the same, the price I can sell it for later might be less because of some reduction in the desirability... I dunno, maybe I'm looking at it wrong, but bars just feel safer to me.
Local lcs told me he sees a lot of counterfeit gold bars (in essay). They are plated several times over and can be very difficult to authenticate. He has become skeptical and for good reason. Also seen a lot of bogus ASE, Kruggs, maples (talking gold).
Yes, coins are more expensive but if you are thinking of ever using gold or silver for exchange, smaller denominations are more useful (although I doubt that would happen but you never know! There have been points in history where people barter after currency collapse).
Here in the US ...somehow they tax cap gains on minted coins...how the hell does a govt tax a person on money they trade for.other money...I need 5, 1 dollar bills for this 5 dollar bill. Yes sir here is 4.87 in change just to change your 💵
@@hmalik5232 The Royal Mint, BullionbyPost, and countless others. There's really no shortage of sellers. London is the largest international gold trade city in the world, so if you're struggling, focus your sights onto London.
I own both bars and coins however I think that coins are a much better choice if you are planning on using them as currency should there be another great depression or a black swan event. I also think that buying coins in the lowest weight is preferable if you are buying for a SHTF scenario. I'd rather barter with a 1/4 oz Gold coin than a 1 oz for obvious reasons. Silver coins probably need to be minimum 1oz and are probably the best choice if you do intend to ever use a precious metal to buy food and other essentials when the world economy crashes. This sounded like the talk of preppers and conspiracy theorists a few short years ago, but now we can actually see that the world is headed for financial ruin, and if you hold paper gold or silver, stocks or cash in the bank, then you could stand to lose it all. I plan on investing a considerable amount into both Gold and Silver coins now, probably 1/4 oz Gold Coins and 1 oz Silver coins. I don't care about the designs on them, or the collectability of certain limited edition coins, I only care about spot value. In the coming Mad Max world the guy running the local supply store won't care whether it's an Eagle or a picture of Joe Biden on the coin, as long as the spot value is there.
In a SHTF moment all forms of currency won’t matter. 😂 gold, like all forms of money, are just a medium for trade who’s value is only promised by an organization as a promissory note. Physical assets will always be the best bet for a SHTF case.
Coins are significantly more fun to stack than bars particularly, if you have favorites or rare pieces you like to revisit. However, if you are trying to take advantage of it financially. It is waaaaaay harder to psychologically let go of coins than it is bars.
Serious Question no Flex or some something… currently i have 6000€ either for 12x 1/4oz Britannia's or 10x 10g Gold Bars what should i get? im from Europe and many people said coins more a US thing in the EU its more about Gold Bars but other channel always say get both or just bars bc coints not that good etc im new into all this 'Gold Investment' stuff 😅
@@xHighRoller you probably could have gotten 2 50gr bars for a little over 6k last year, I think that would have been a good move. It's my impression also that coins are more of U.S. thing
Pandas are know to not be manufactured to guarantee the minimum weight. You often find them 0.1 gram underweight. Other bars and coins are often a bit over the stated weight
0:00 💰 Exploring the debate between buying gold bars versus gold coins for investment purposes. 1:20 🔍 Fake gold bars are easier to make than coins, often made from tungsten and plated with gold, but coins have more detectable features. 3:19 🛡 Coins are perceived as more trustworthy due to their face value and potential legal consequences for counterfeiters. 4:46 💼 Both bars and coins have liquidity, but bars might fetch slightly lower prices when sold back. 6:28 💲 Gold bars generally have lower premiums compared to coins, offering potentially better deals for investors. 8:16 🤔 Personal preference plays a significant role in deciding between bars and coins, considering factors like trust, liquidity, and aesthetic appeal.
I am having a very difficult time understanding why any of the gold that's 24 karat would be worth less.I mean 22 karat verses 24 karat.Someone please explain this fenomena.
Gold bars you can buy for a set price over spot but its usually a small % amount. However some coins may have a "Intrinsic value" that far exceeds the spot price of gold. This depends on many factors but one example is number minted. An example of this is my 2009 ultra high relief I purchased from the mint in 2009 for $1500 or about ~$300 over a roughly ~$1200 (the spot price at the time) but now I could easily sell that same coin somewhere in the neighborhood of ~$6000 or ~$4150 over a ~$1850 gold spot price today. A gold bar purchased in 2009 would only fetch me the current spot price of gold, but usually a little over. So you have spot price and then in some instances also a intrinsic value.
exactly 100% correct. Coins get more premium, bars you can get better value IMO. But Coins do have value if you think we're going to have a economic collapse of epic propositions.
I've been looking into cryptocurrency investments, but I'm still unsure about the best and safest way to go about it. Any advice or insights you could share?
I think you didn’t cover another aspect as to why one would prefer one over another. There are many women including me who would have their gold converted into jewelry. In that case buying a bar makes much more sense due to the purity since American eagle purity is slightly lower than bar. So the final purpose of buying gold also plays a big part.
@@invisibleman7971 why is that funny? These bars are the most liquid and easiest to sell because you can into a jewelry shop and get rid of it. Only collectors are interested in coins and try selling that when the price is high? Collectors are stingy bastards. Spot price is fake, your gold can’t be sold at that price. Or even realistically bought.
There are a few coins I pick up, but as my primary concern is bullion stacking, I'd go with the bar more so. At least from reputable dealers and some assurance of getting what is advertised. I don't have the time or patience to try and deal with questionable sources, and as the intent isn't to "invest", but to just hold unless the economy crashes, the bullion would be more flexible than coins. Now, the Goldbacks might be another matter, as they seem to be gaining popularity as well as more people are beginning to accept them, at least in a barter type environment. Though the premiums are a bit high, the potential for being a barter item during economic crisis, is significant. As with silver, they provide a means of exchange in smaller denominations while still having a physical and immediate value attached to them, being made with precious metals. As you said, it comes down to personal preference and how one wants to see precious metals.
buy the sigma machine for the piece of mind that you can buy or sell to anyone. even if you don't choose to do so now, and if the economy crashed you would need to have it anyway, and you can always sell it for a little bit less than market value as used, i paid $1545 new for a sigma machine that now costs $1990, so even used i can sell it easy for $1800 so my machine just went up in value with inflation as well
There are plenty of fake of both gold coins and bars. I almost always prefer the look of the coins myself. As a weird twist Canada issues some gold bars with a face value. Thanks!
I personally like the Britannia's the best and even the Britannia bar is an attractive bar for a much lower premium. The US coins have too high a premium for my taste.
I agree, also the "laser etched " hologram is a nice little extra security addition. And i like how they are 24k instead of 22k like some of the others.
For the everyday investors, Is it better to buy common gold bullion coins or premium gold coins???? I've been told it's better in the long run to purchase Premium precious metals like gold and silver. I know premium coins are more expensive. Thanks. -- Ray
seems like some of this only applies to minted bars and might not be relevant to cast bars. people seem to worry a lot about removing mint bars from their assay packaging, so cast bars seem less stressful
i also agree with someone's earlier comment that if you're buying coins for their beauty, you might be less willing to part with them. so i guess part of the consideration is whether you collect as a hobby versus a form of holding your money that you intend to spend later on
Gold Sovereign coins are semi numismatic, and Legal Tender in the UK. They have a default face value of £1, even if it is not stated on the coin. It replaced the guinea. In the UK, you need to consider CGT when making purchases. And with silver and platinum, VAT as well.
Weight matters a lot too. If you can get bigger bars, you're paying less per Oz. But since it's hard to fing coins bigger than 1oz, maybe that comparison is a bit unfair. Still, worthwhile to point out bigger bars are cheaper, if you can afford it
I have a question? I heard silver pandas are very collectible item. Do you think it would be a good idea to start buying silver pandas and then selling them on eBay?
Fee's on ebay take a lot of your profit by the time you pay fee's and maybe shipping not worth your time with panda's or other bullion. Maybe high collectable coins yes I sold a 2019 Gold Reverse Proof MS 70 1 oz. Libertad which I first bought when they came out for $1800 sold it two yrs. later for $3700. So yes you can make money BUT it has to be the right collectable coin not just Bullion coins like the pandas.
Bullion aka bars will have less of a premium but also less of a numismatic value, however gold bullion coins are usually minted in 22K ie the American Eagle. It's about preference really. Or look at coins as more of a collectable way, and bars as just pure investment/stacking.
Bars take up more space due to the packaging. It is both convenient and protective to store coins in tubes. If bars don't come in packaging you can very easily knock and badly dent them on your vault when you take them out.
I have a 5oz silver bar found a plastic case just like for the coins sunshine minting it stores pretty easily. Pretty sure someone out there makes a tube for square bars. The biggest downside is the pricing.
But gold purchased from the main reputable dealers should be easily sold to banks at market value. But it is not! The buyers are at tremendous disadvantage vs Gold/Silver Shops, Dealers and Mints. I'm at the point of just melting my bars into solid jewelry and be done with this wicked and evil industry.
Cheryl- it is a loss and it's a darn shame how these shops, dealers and Mints speak so nice on the phone or in person, but the minute you go to sell them your 999.9 fine gold bar; they will all STIFF YOU hard with no vaseline! Sorry to be so descriptive however I am a bit angry at this current manipulative Gold/Silver Devil Industry here in the U.S.A.
In Norway this is pretty simple: We have a 25% in value added tax on gold and silver bars, but not on gold and silver coins. Therefore the only logical option for us is coins.
The fact of the matter is, we lower end buyers of Gold and or Silver are being prison pumped (with NO VASELINE) by these Gold/ Silver Shops, Dealers and Mints. They hold all the cards to manipulate the value and then have the nerve to short change you if you sale. There must be a better way for the low end (limited income) buyer to participate in investing in Gold/ Silver to be protected from the cheats in the industry. I am both annoyed and disgusted by the current Gold/Silver sell arrangement. Folks, we are being screwed over in this game! Sorry about any typos.
@Davie Fogarty Yes I recommend the service of Lynne Ellen Rule she is a great financial consultant and has made a great impact on my financial journey.
I came across some nice comments about her on TH-cam and I gave it a shot! I didn't believe in bitcoin before Thanks for introducing me to Mrs Lynne Ellen rule she is good
don't buy pre-33 gold until you know how to evaluate the condition, and if it is genuine. even coins in "slabs" can be incorrectly graded. so you have to know. just buy Eagles or Maples and put them away.
I'm in Canada so for gold, I'd say 1/4 or 1/10 ounce coins are best cus that way you can avoid capital gains tax when you go to sell them in the future. (less than 1000$ per coin most likely which is exempt from capital gains here) I got some 1 oz coins but I got the 99999 pure RCM coins and they usually go for a bit of a premium after 5 years or so and I plan on selling them privately over time and the money will just be used for everyday things so it cant be traced really... If your just doing it for a short term investment, then ya go for bars or what ever; kinebars and pamp suisse seem to be the most popular just stay away from american gold eagles and krugarands because they are .916 pure so unless you're in the US, theres a good chance you'll be taxed. A lot of places will tax gold at lower purities, like where I am it's taxed if its below 995 purity.
I like the Combibars, from various minters. These are (for example) 50g. bars that can be broken into 1g. pieces, just like a chocolate bar. Buying a 50g. bar means that you're only paying a small premium over gold spot prices, they seem to be popular and easy to trade, backed by reputable minters, and the 1g. pieces are convenient if you'll ever have to barter with your gold.
In Florida offical American coins are not sales taxed, silver and gold sales over $500 are not taxed, I hate this because I would like to buy a coin here or there, but if I do it's an extra 7 % and American coins are crazy expensive now so that doesn't help either
You forget that stste sales tax is charged on minted sovereign coins in my state that is 7.75 % a desl breaker , on a 2000.00 dollar Buffalo thats 155.00 on top of the premium above spot . The only way around this is to trade , silver our Gold in bars for a minted coin .so that 2000.00 dollar buffalo turns into 2155.00 minus spot of 1880.00 is a 275.00 loss typically a shop will pay 30.00 to 40.00 above spot on a buffalo so your looking at a net negative of 235.00 to 245.00 per Buffalo , verses a 1 oz bar that you can get on sale for 30.00 to 60.00 above spot .Bars make more sense and than trade for a sovereign coin better yet trade silver bars for gold coins at a favorable moment and you can usually do pretty well. .
I have a question someone was singing the pluses of buying investment gold, American Eagle gold 1 oz MS 70 never touch by human hands vs. an American Eagle 1 oz gold bullion coin. The MS 70 has a higher premium but has a better chance of higher profit. Is the MS 70 AE worth it?
Those gold coins you have lined up at the end, the gold Eagle and Kuggerrand aren't pure gold like the others, they're 92% gold and the remainder copper or copper & silver. The Gold Maple is 9999 gold, and I think the Buffalo is also. The amount of gold (1oz) might be the same in each coin, but the purity is different. IMO I think this detail is important to consider also. Additionally, in Canada impure silver/gold has a sales tax of 5%, the gold Eagle and Kuggerrand will be taxed, while the other two won't.
Great point and I personally prefer pure gold coins 24K is to me worth more . Also can be melted down and be pure without the need to separate the other metal elements which to me should be worth more.👍
I prefer 1oz coins vs bars too. I can take out and feel, touch, and hold it. The bars packaging sucks, all u feel is plastic. The PAMP SUISSE is the worst, the protective layer very easy to come off end up many bubbles like a phone screen protector.
I buy my gold and silvers to a very reputable bullion dealer. I do not buy anything from ebay. As a stacker, I prefer both gold bars and coins. I only buy 1 OZ at a time or sometime more if it is on sale. The big difference for me when I buy gold bar & gold coin is that, I get to touch with my fingers the gold coin, and the joy it gives me knowing I own it, before putting it in a capsule. On the the gold bar, I never remove it from the package with the assay card to preserve it's value for future resale. I really wish I could remove it from the package and just be able to touch it with my fingers just like the coins. What do you think? Anyway, let's go stack some more!
Moral of the story buy from a good dealer. Personally, I buy all my coins on eBay from VERY respectable dealers who have thousands of reviews. I also check their websites and read reviews.
I am a new stacker. Not the most wealthy. Modest worker. I been investing in silver and been looking into gold also for diversification, can't afford an ounce, should I save up enough silver till I can buy an ounce with it and start over with the silver, or buy the 5g, 10g gold bars i can at a time I can?
I think you overlooked the elephant in the room in talking about cost. Bars don’t usually have sales tax while coins do. That can add like $150 to the premium for coins
I tend to buy 1/10th and 1/4 most of the time. Coins are harder to fake well in my opinion if they screw up even the smallest detail it’s going to stick out to those that know them.
I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q2, 2023. Right now i am just looking for ways to recover in 2024.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
This is all new to me, where do I find a fiduciary, can you recommend any??
“Julianne Iwersen Niemann” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes..
@@AlilatTiamiyu That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@johnawara9719 My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@AlilatTiamiyu The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I'm watching this 11 months after release, but, the information still rings true... Personally, coins scare me because of this "extra" value(and cost) over the melt or spot price. Scares me cause stuff like that "extra" changes as a fad, or a whim of the people, or whatever you wanna call it. Bars just feel safer to me for some reason. If I by a bar, it is what it is and it's worth what it's worth, but with coins, I pay this extra, and even if the metal price stays the same, the price I can sell it for later might be less because of some reduction in the desirability... I dunno, maybe I'm looking at it wrong, but bars just feel safer to me.
I completely agree with you
Local lcs told me he sees a lot of counterfeit gold bars (in essay). They are plated several times over and can be very difficult to authenticate. He has become skeptical and for good reason. Also seen a lot of bogus ASE, Kruggs, maples (talking gold).
Metalor gold bars.
Yes, coins are more expensive but if you are thinking of ever using gold or silver for exchange, smaller denominations are more useful (although I doubt that would happen but you never know! There have been points in history where people barter after currency collapse).
@@Jalleur14325I think small gold bars, and silver coins for liquidity to get out of a SHTF situation.
In the UK I believe the bigger difference is the minted coins are free of capital gains tax!
Could be considerable over long periods of time
Here in the US ...somehow they tax cap gains on minted coins...how the hell does a govt tax a person on money they trade for.other money...I need 5, 1 dollar bills for this 5 dollar bill. Yes sir here is 4.87 in change just to change your 💵
Yes, BUT coins are more expensive.
Where do you buy gold in the uk. Online?
@@hmalik5232 The Royal Mint, BullionbyPost, and countless others. There's really no shortage of sellers. London is the largest international gold trade city in the world, so if you're struggling, focus your sights onto London.
I invested in gold bars some years ago. I bought 5kg and it’s only ever increased in value. Yippee!!
What u gonna do with it ?
I own both bars and coins however I think that coins are a much better choice if you are planning on using them as currency should there be another great depression or a black swan event. I also think that buying coins in the lowest weight is preferable if you are buying for a SHTF scenario. I'd rather barter with a 1/4 oz Gold coin than a 1 oz for obvious reasons. Silver coins probably need to be minimum 1oz and are probably the best choice if you do intend to ever use a precious metal to buy food and other essentials when the world economy crashes. This sounded like the talk of preppers and conspiracy theorists a few short years ago, but now we can actually see that the world is headed for financial ruin, and if you hold paper gold or silver, stocks or cash in the bank, then you could stand to lose it all. I plan on investing a considerable amount into both Gold and Silver coins now, probably 1/4 oz Gold Coins and 1 oz Silver coins. I don't care about the designs on them, or the collectability of certain limited edition coins, I only care about spot value. In the coming Mad Max world the guy running the local supply store won't care whether it's an Eagle or a picture of Joe Biden on the coin, as long as the spot value is there.
Exactly! 💯
😵💫
since you also have bars what are the positive on them I see them as closer to spot in price
In a SHTF moment all forms of currency won’t matter. 😂 gold, like all forms of money, are just a medium for trade who’s value is only promised by an organization as a promissory note. Physical assets will always be the best bet for a SHTF case.
@@DariusJones05 meaning food fuel and ammo ?
Coins are significantly more fun to stack than bars particularly, if you have favorites or rare pieces you like to revisit. However, if you are trying to take advantage of it financially. It is waaaaaay harder to psychologically let go of coins than it is bars.
Serious Question no Flex or some something… currently i have
6000€ either for
12x 1/4oz Britannia's
or
10x 10g Gold Bars
what should i get? im from Europe and many people said coins more a US thing in the EU its more about Gold Bars but other channel always say get both or just bars bc coints not that good etc im new into all this 'Gold Investment' stuff 😅
@@xHighRoller In either case I'd move up to the one ounce size and ditch some of the high premium you'll pay with fractional sizes.
@@xHighRoller you probably could have gotten 2 50gr bars for a little over 6k last year, I think that would have been a good move.
It's my impression also that coins are more of U.S. thing
The issue now is will Gold have same high as now within next 10-15 years 🤔
Why not buy both?
The best takeaway from this: "Don't buy pandas."
The purity of both the Chinese and Russian gold coins are questionable.
Avoid purchasing both these coins.
When in doubt, there is no doubt.
Why is that on pandas!!!????
I would never think about this!!!
Pandas are know to not be manufactured to guarantee the minimum weight. You often find them 0.1 gram underweight. Other bars and coins are often a bit over the stated weight
China :(
0:00 💰 Exploring the debate between buying gold bars versus gold coins for investment purposes.
1:20 🔍 Fake gold bars are easier to make than coins, often made from tungsten and plated with gold, but coins have more detectable features.
3:19 🛡 Coins are perceived as more trustworthy due to their face value and potential legal consequences for counterfeiters.
4:46 💼 Both bars and coins have liquidity, but bars might fetch slightly lower prices when sold back.
6:28 💲 Gold bars generally have lower premiums compared to coins, offering potentially better deals for investors.
8:16 🤔 Personal preference plays a significant role in deciding between bars and coins, considering factors like trust, liquidity, and aesthetic appeal.
go for the cheapest trusted bar, investing in gold is not an emotional thing
Absolutely!
One reason is you can get coins out of the packet. The trouble with those packaged bars is that they lose value and are harder to test for a start.
Not all bars are in sealed packets
You can test bars through the packaging
@@eazye519not always true. Many shops use a drop of acid.
Why would they lose value?
@@JoshMiller-ou5mmIf the seal is broken, most buyers want the seals for resale.
Thank you for the solid advice. Turning some funds to gold and silver soon.
Other than the Buffalo or the Maple Leaf, The gold bars are pure gold !!! 24 karat pure !!!
I am having a very difficult time understanding why any of the gold that's 24 karat would be worth less.I mean 22 karat verses 24 karat.Someone please explain this fenomena.
Britannia is 99.99
@@milkspotscausemetospazzout6813 sure, but what is a fenomena?
Why not both! I like some variety in my stack.
Gold bars you can buy for a set price over spot but its usually a small % amount. However some coins may have a "Intrinsic value" that far exceeds the spot price of gold. This depends on many factors but one example is number minted. An example of this is my 2009 ultra high relief I purchased from the mint in 2009 for $1500 or about ~$300 over a roughly ~$1200 (the spot price at the time) but now I could easily sell that same coin somewhere in the neighborhood of ~$6000 or ~$4150 over a ~$1850 gold spot price today. A gold bar purchased in 2009 would only fetch me the current spot price of gold, but usually a little over. So you have spot price and then in some instances also a intrinsic value.
exactly 100% correct. Coins get more premium, bars you can get better value IMO. But Coins do have value if you think we're going to have a economic collapse of epic propositions.
What made the huge jump in value?
@@coyfpv1271bars are better. When you go to sell, they don't care about intrinsic value. Only the gold. Speaking from experience.
Obviously coins, both silver and gold. It adds to the immersion when using them during D&D sessions with my nerd friends.
I want to play fantasy RPG with you if you are using real coins!
Hahaha :) Surely they would like silver pirate marked bars though:)
If we gotta resell the metal to a bank (because banks easily buy it from people without many restriction)
Is bullion better or the coin?
Where I live, there's sales tax on coins, but not on bars. That ups the price of coins dramatically. Bars all the way.
That's very strange since coins are a legal tender. Can I ask where you are referring to?
@@paulwhat322 Minnesota
heh
in my country silver is not considered investment, so spread due to taxes is about 30% of whole price -_-
I've been looking into cryptocurrency investments, but I'm still unsure about the best and safest way to go about it. Any advice or insights you could share?
Talking to an expert like Maren Hilda Authurs to reshape your portfolio is a very smart move.
Bitcoin hitting 100k. So much in regret i did not invest
My husband is really making alot of money from cryptocurrency investment. I could ask him to teach me.
I tried trading alone. My capital was lost.
I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
I’d love to see this exact same video for silver! Thanks!
Keep saving until you can get gold..
Buy both if you can and same with silver
I think you didn’t cover another aspect as to why one would prefer one over another. There are many women including me who would have their gold converted into jewelry. In that case buying a bar makes much more sense due to the purity since American eagle purity is slightly lower than bar. So the final purpose of buying gold also plays a big part.
Jewelry 🤣
@@invisibleman7971 why is that funny? These bars are the most liquid and easiest to sell because you can into a jewelry shop and get rid of it. Only collectors are interested in coins and try selling that when the price is high? Collectors are stingy bastards. Spot price is fake, your gold can’t be sold at that price. Or even realistically bought.
@@TheBooban hee literally just showed a shop that will pay spot for certain coins
There are a few coins I pick up, but as my primary concern is bullion stacking, I'd go with the bar more so. At least from reputable dealers and some assurance of getting what is advertised. I don't have the time or patience to try and deal with questionable sources, and as the intent isn't to "invest", but to just hold unless the economy crashes, the bullion would be more flexible than coins. Now, the Goldbacks might be another matter, as they seem to be gaining popularity as well as more people are beginning to accept them, at least in a barter type environment. Though the premiums are a bit high, the potential for being a barter item during economic crisis, is significant. As with silver, they provide a means of exchange in smaller denominations while still having a physical and immediate value attached to them, being made with precious metals.
As you said, it comes down to personal preference and how one wants to see precious metals.
buy the sigma machine for the piece of mind that you can buy or sell to anyone. even if you don't choose to do so now, and if the economy crashed you would need to have it anyway, and you can always sell it for a little bit less than market value as used, i paid $1545 new for a sigma machine that now costs $1990, so even used i can sell it easy for $1800 so my machine just went up in value with inflation as well
There are plenty of fake of both gold coins and bars. I almost always prefer the look of the coins myself. As a weird twist Canada issues some gold bars with a face value. Thanks!
I buy both, bars and coins, silver and gold. Diversity
I personally like the Britannia's the best and even the Britannia bar is an attractive bar for a much lower premium. The US coins have too high a premium for my taste.
Just picked up a 2022 ounce Britannia it’s beautiful
The Britannia has a higher gold content as well.
Britannia’s are Gorgeous!
I agree, also the "laser etched " hologram is a nice little extra security addition. And i like how they are 24k instead of 22k like some of the others.
You can never rely on getting the premium back when you go to sell.
Ain't gonna happen.
I love the Geiger square gold bars. Truly a work of art
At online dealers, the bars are $50 cheaper than the coins using todays $1800 spot price and buying with their weekly deals.
I have found through experiences that a lot of places will at most pay 90% spot for the fractional bars like the 2.5g
right. they are hard to sell. save up to buy a larger size coin, like 1/4, 1/2, or 1oz.
I love the fractional bars, shame they suck so hard in terms of pricing.
For the everyday investors, Is it better to buy common gold bullion coins or premium gold coins???? I've been told it's better in the long run to purchase Premium precious metals like gold and silver. I know premium coins are more expensive. Thanks. -- Ray
Reach EMILIA E ARIAS for assistance just search the name online. They are, an approved dealer ✅
seems like some of this only applies to minted bars and might not be relevant to cast bars. people seem to worry a lot about removing mint bars from their assay packaging, so cast bars seem less stressful
i also agree with someone's earlier comment that if you're buying coins for their beauty, you might be less willing to part with them. so i guess part of the consideration is whether you collect as a hobby versus a form of holding your money that you intend to spend later on
Gold Sovereign coins are semi numismatic, and Legal Tender in the UK. They have a default face value of £1, even if it is not stated on the coin. It replaced the guinea.
In the UK, you need to consider CGT when making purchases. And with silver and platinum, VAT as well.
Weight matters a lot too. If you can get bigger bars, you're paying less per Oz. But since it's hard to fing coins bigger than 1oz, maybe that comparison is a bit unfair.
Still, worthwhile to point out bigger bars are cheaper, if you can afford it
I have a question? I heard silver pandas are very collectible item. Do you think it would be a good idea to start buying silver pandas and then selling them on eBay?
Fee's on ebay take a lot of your profit by the time you pay fee's and maybe shipping not worth your time with panda's or other bullion. Maybe high collectable coins yes I sold a 2019 Gold Reverse Proof MS 70 1 oz. Libertad which I first bought when they came out for $1800 sold it two yrs. later for $3700. So yes you can make money BUT it has to be the right collectable coin not just Bullion coins like the pandas.
Bullion aka bars will have less of a premium but also less of a numismatic value, however gold bullion coins are usually minted in 22K ie the American Eagle.
It's about preference really. Or look at coins as more of a collectable way, and bars as just pure investment/stacking.
Bars take up more space due to the packaging. It is both convenient and protective to store coins in tubes. If bars don't come in packaging you can very easily knock and badly dent them on your vault when you take them out.
I have a 5oz silver bar found a plastic case just like for the coins sunshine minting it stores pretty easily. Pretty sure someone out there makes a tube for square bars. The biggest downside is the pricing.
If your worried about space on one oz gold bars you either have A LOT of gold bars or a really small safe
bars are easier to sell...as long u have the original receipt , dont open the seal, u can sell to the bank u bought it easily
But gold purchased from the main reputable dealers should be easily sold to banks at market value. But it is not! The buyers are at tremendous disadvantage vs Gold/Silver Shops, Dealers and Mints. I'm at the point of just melting my bars into solid jewelry and be done with this wicked and evil industry.
It seems like it's a loss if the price to off load doesn't cover the premium cost when the coin was purchased.
Cheryl- it is a loss and it's a darn shame how these shops, dealers and Mints speak so nice on the phone or in person, but the minute you go to sell them your 999.9 fine gold bar; they will all STIFF YOU hard with no vaseline! Sorry to be so descriptive however I am a bit angry at this current manipulative Gold/Silver Devil Industry here in the U.S.A.
In Norway this is pretty simple: We have a 25% in value added tax on gold and silver bars, but not on gold and silver coins. Therefore the only logical option for us is coins.
The fact of the matter is, we lower end buyers of Gold and or Silver are being prison pumped (with NO VASELINE) by these Gold/ Silver Shops, Dealers and Mints. They hold all the cards to manipulate the value and then have the nerve to short change you if you sale.
There must be a better way for the low end (limited income) buyer to participate in investing in Gold/ Silver to be protected from the cheats in the industry. I am both annoyed and disgusted by the current Gold/Silver sell arrangement. Folks, we are being screwed over in this game!
Sorry about any typos.
Why the use of gloves? Can you really damage them touching them directly?
if your looking at the britannia gold bar instead of a standard bar what would your thoughts be then
Thanks for a good video and good topic without any politics.
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I've only just started to stacking and have decided to stick the Britannia coins as they updated them with more security marks and I live in the uk
Hello, I prefer the new Britania coin because of the security features. Like the trident that you can only see from certain angles.
and the Britannia are such beautiful coins. 👍
Any drawback to stacking nuggets?
Coins for me. I especially love the pre-33. I’m not into bars in that plastic assay package. Just a personal preference.
don't buy pre-33 gold until you know how to evaluate the condition, and if it is genuine. even coins in "slabs" can be incorrectly graded. so you have to know. just buy Eagles or Maples and put them away.
Yes. Agree. Also coins are legal tender and don't generate capital gains tax, at least in the UK.
Choose wisely...
I have about a 50/50 mix. Several years ago French 20 and 40 Franc coins were a bargain, but those days are long gone.
small gold like 20Fr, 20M, 20Lire, sovs, etc. are really cheap v/s melt right now. plenty avail.
I'm in Canada so for gold, I'd say 1/4 or 1/10 ounce coins are best cus that way you can avoid capital gains tax when you go to sell them in the future. (less than 1000$ per coin most likely which is exempt from capital gains here)
I got some 1 oz coins but I got the 99999 pure RCM coins and they usually go for a bit of a premium after 5 years or so and I plan on selling them privately over time and the money will just be used for everyday things so it cant be traced really...
If your just doing it for a short term investment, then ya go for bars or what ever; kinebars and pamp suisse seem to be the most popular just stay away from american gold eagles and krugarands because they are .916 pure so unless you're in the US, theres a good chance you'll be taxed. A lot of places will tax gold at lower purities, like where I am it's taxed if its below 995 purity.
Hello sir, where can i buy the item you used to test the bar and coin gold and what is the name of it ? Thanks
Ebay - Sigma Metalytics precious metals Verifier
Would you recommend take the bars out of the assay card and store them anywhere else?
No
For 1/4 oz and 1 oz go for coins. If you have a solit coin stack, you can start with bars (100g+) ...
3:29 did I just see a piece chip off 😮
All that plastic in the assay holder is annoying.
I like the Combibars, from various minters. These are (for example) 50g. bars that can be broken into 1g. pieces, just like a chocolate bar. Buying a 50g. bar means that you're only paying a small premium over gold spot prices, they seem to be popular and easy to trade, backed by reputable minters, and the 1g. pieces are convenient if you'll ever have to barter with your gold.
Canadian prepper did a review on that! You'd think for thousands of $$$, they'd package it in a better "dispenser"...🤔
@@EroticOnion23 What, like a Pez dispenser?
@@kaasmeester5903 i have seen those already,look it up its wild
I heard that over a certain amount of $ during the sell, you have to pay tax but if its currency (coin) it is except from tax. Is this true?
In Florida offical American coins are not sales taxed, silver and gold sales over $500 are not taxed, I hate this because I would like to buy a coin here or there, but if I do it's an extra 7 % and American coins are crazy expensive now so that doesn't help either
Where and who is the safest place to buy wold bars and coins
So gold coin is the best choice from the bar or bar ????
Personal preference.
Always purchase from a reputable dealer.
Are the coins pure gold like the bars?
You forget that stste sales tax is charged on minted sovereign coins in my state that is 7.75 % a desl breaker , on a 2000.00 dollar Buffalo thats 155.00 on top of the premium above spot . The only way around this is to trade , silver our Gold in bars for a minted coin .so that 2000.00 dollar buffalo turns into 2155.00 minus spot of 1880.00 is a 275.00 loss typically a shop will pay 30.00 to 40.00 above spot on a buffalo so your looking at a net negative of 235.00 to 245.00 per Buffalo , verses a 1 oz bar that you can get on sale for 30.00 to 60.00 above spot .Bars make more sense and than trade for a sovereign coin better yet trade silver bars for gold coins at a favorable moment and you can usually do pretty well. .
Gold Eagles and Junk are where it's at for me but I'm surprised not much talk about platinum with the price dip lately.
The buy/sell spread on platinum is quite large. It has kept me from investing in it. Giving away 10%+ is a no-no.
Where you buy silver?
Great video! I like both, but coins are more fun and historical.
I have a question someone was singing the pluses of buying investment gold, American Eagle gold 1 oz MS 70 never touch by human hands vs. an American Eagle 1 oz gold bullion coin. The MS 70 has a higher premium but has a better chance of higher profit. Is the MS 70 AE worth it?
Reach EMILIA E ARIAS for assistance just search the name online. They are, an approved dealer ✅
What is a reputable dealer with low markup?
So what’s wrong with bars again?
what should i buy if i just want to start out
What about government minted bars vs government minted coins? Such as The Royal Mint Buillon
Those gold coins you have lined up at the end, the gold Eagle and Kuggerrand aren't pure gold like the others, they're 92% gold and the remainder copper or copper & silver. The Gold Maple is 9999 gold, and I think the Buffalo is also. The amount of gold (1oz) might be the same in each coin, but the purity is different. IMO I think this detail is important to consider also. Additionally, in Canada impure silver/gold has a sales tax of 5%, the gold Eagle and Kuggerrand will be taxed, while the other two won't.
Great point and I personally prefer pure gold coins 24K is to me worth more . Also can be melted down and be pure without the need to separate the other metal elements which to me should be worth more.👍
All these contain exactly 1 oz. of fine gold. So any of them are fine.
I prefer 1oz coins vs bars too. I can take out and feel, touch, and hold it. The bars packaging sucks, all u feel is plastic. The PAMP SUISSE is the worst, the protective layer very easy to come off end up many bubbles like a phone screen protector.
Cool vid man thanks
So they make up the difference in weight from the 22kt coins to the 24kt bars ? Or is 1 Troy ounce ..1 Troy ounce ??? Thanks
The american eagle weighs more then an ounce so that there is an ounce of pure gold in the coin even though it is approxmately 22k not 24k
Thanks for the primer.
Where i can buy gold bars or gold coin
Whats the name of that testinf machine
Do you think websites of brands like JM bullion? There's one popular bullion TH-camr also in curious about
Still need to pick up my first ounce of gold. Have a few goldbacks but mostly silver. Hopefully next year. Definitely following your tips on buying.
I just bought gold backs as well, I live here in Utah and found out there are very few places that sell them. Pretty cool 😎
Coins are just more fun to have. If you have the money and don’t mind get the coin.
I buy my gold and silvers to a very reputable bullion dealer. I do not buy anything from ebay. As a stacker, I prefer both gold bars and coins. I only buy 1 OZ at a time or sometime more if it is on sale. The big difference for me when I buy gold bar & gold coin is that, I get to touch with my fingers the gold coin, and the joy it gives me knowing I own it, before putting it in a capsule. On the the gold bar, I never remove it from the package with the assay card to preserve it's value for future resale. I really wish I could remove it from the package and just be able to touch it with my fingers just like the coins. What do you think? Anyway, let's go stack some more!
I know bars have serial numbers, so they can be identified. Do coins have serial numbers?
I really want to get into buying gold and silver where should I go to that. Reliable sites and such any tips?
how much of a difference is the price of a bar to the price of a coin
mb forgot to watch the rest of the vid
Moral of the story buy from a good dealer. Personally, I buy all my coins on eBay from VERY respectable dealers who have thousands of reviews. I also check their websites and read reviews.
thanks this really helped a lot!
I am a new stacker. Not the most wealthy. Modest worker. I been investing in silver and been looking into gold also for diversification, can't afford an ounce, should I save up enough silver till I can buy an ounce with it and start over with the silver, or buy the 5g, 10g gold bars i can at a time I can?
Reach EMILIA E ARIAS for assistance just search the name online. They are, an approved dealer ✅
I Would Buy Both Of Them.
Would you say, as an investment, $1800 spot / 1900 total per coin is a decent price? or wait for a dip?
Best time to buy gold- its yesterday
Second best time to buy gold is now.
Wow more amazing Gold Video friend
For me, its whatever I can afford
Should you buy PMs online or through a broker? What is the difference? Benefits?
best place to buy physical gold??
How to get pure gold testing machine ?
Save this post for reference. Good topic to discuss. I prefer bullion over bars, personal preference. Thanks for the post!
I think you overlooked the elephant in the room in talking about cost. Bars don’t usually have sales tax while coins do. That can add like $150 to the premium for coins
Great point!
I’m stacking cause of 50 years down the line not for my lifetime. Cause I know it will be up on price so it won’t matter .
I tend to buy 1/10th and 1/4 most of the time. Coins are harder to fake well in my opinion if they screw up even the smallest detail it’s going to stick out to those that know them.
buy the sigma machine ,the machine went up in value $400 more since i bought it, i can sell it for profit